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and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts they're willing to make and we'd like to thank the president for adopting the fox news slogan there and as we get closer to the fiscal cliff, both sides seem to be standing tough and what about the coverage, jim in. >> i think the debate overall that began with simpson bowls saying we should roughly have tax cuts, tax increases, pardon me, and spending cuts and so the media narrative is sort of, can we get simpson bowls through a recalcitrant republican congress? and what's changed though, i think it's really a role call, daniel new house and mary anne shiner, says simpson and bowls are no longer part
and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts...
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Dec 1, 2012
12/12
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. >> wherever our trades negotiation the economy comes to life. norfolk-suffolk, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the anenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. perhaps you took a break for the holidays. perhaps you gave thanks that the election was ofrlte then you dialed back in this week and discovered, no, we have apparently just entered a new phase in a political year that never ended. two big stories this week -- the impending fiscal cliff and the washington debates over who will succeed hillary clinton as secretary of state. first to the fiscal cliff. at the end of the year the buescher ra tax cuts will expire and the first wave of $1.2 trillion in spending cuts is scheduled to kick in. c.e.o.'s and economists alike are worried this will send the economy spiraling back into recession. th
. >> wherever our trades negotiation the economy comes to life. norfolk-suffolk, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the anenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. perhaps you took a break for the holidays. perhaps you gave thanks...
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Dec 7, 2012
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>> what does it do for the economy? >> governor snyder thinks it will bring jobs to michigan and i think strong labor unions do not bring jobs to a state, they send jobs out of a state. >> is that true? >> the governor said that's one reason they did that is indiana passed right to work and 90 companies are going down there to safe thousands of jobs. >> i think you see individual states competing on this base. that is the big appeal. i think the more states that do it, the more -- the fewer fertile grounds there might be to grow those jobs. this is a race that goes on to try to be as business competitive as you can be. >> and unions are shrinking. as governors said, under 18% of michigan's workforce is unionized. >> panel, thank you. why did the state of new jersey bulldoze one man's home without telling initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade
>> what does it do for the economy? >> governor snyder thinks it will bring jobs to michigan and i think strong labor unions do not bring jobs to a state, they send jobs out of a state. >> is that true? >> the governor said that's one reason they did that is indiana passed right to work and 90 companies are going down there to safe thousands of jobs. >> i think you see individual states competing on this base. that is the big appeal. i think the more states that do...
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Dec 2, 2012
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at the same time, they don't want the economy to go in the hole. the other thing is they don't want the country to go broke. what the republicans failed to do is what you're saying. they failed communication case w50eus. wise. they don't hold ban barack baraa accountable. to give himself powers that no president has had, you take that to the country and say you want him deciding he can just spend whatever he wants? >> that's like removing the debt ceiling. >> exactly. >> that's wha wt you're talking about. >> i'm saying that's the issue >> you're saying that the president should outline the cuts because nobody's going to the table to say this has to come off. >> all you have to say -- i'm sorry, go ahead. >> the president has to come up with a reasonable solutions that sells. >> why should he if he can blame e republicans? >> because at the end of the day it's the era of this president. no one remembers who the speaker was during the depression. >> this is the point -- you're exactln.y right. august 2011, the republicans took a beating over what ha
at the same time, they don't want the economy to go in the hole. the other thing is they don't want the country to go broke. what the republicans failed to do is what you're saying. they failed communication case w50eus. wise. they don't hold ban barack baraa accountable. to give himself powers that no president has had, you take that to the country and say you want him deciding he can just spend whatever he wants? >> that's like removing the debt ceiling. >> exactly. >>...
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Nov 29, 2012
11/12
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our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this thing happen? >> i really got the feeling that they understood the stakes here. while they really wanted to hear from us, what they heard from the dozen small business people in the room who represented about 150,000 in our various progressive small business organizations was don't raise taxes on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to
our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this...
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the petraeus story got more coverage than should have in an era that we have the economy and americans out of work. this is the next leg of that with the conservative media trying to push the angle there's some cover up. there's some resentment that the story didn't gain traction. >> how is this for classish ii washington media controversy? susan rice delivered the words but some other agency wrote them. >> any story you can have talking points about talking points which is what we're saying. the media coverage is shaping this, the results here. i think we're reaching a point if obama doesn't nominate susan rice to be secretary of state it will be seen as his backing down and a lot of liberal base, which has really gotten upset about what it sees as an outrageous attack will be very upset. the coverage is treating her as though she's the nominee. >> i want to play a bit more sound from both of you. this is from msnbc where some liberal commentators are framing this in racial terms. >> it's outrageous there's this witch hunt going on on the right about these people of color around this
the petraeus story got more coverage than should have in an era that we have the economy and americans out of work. this is the next leg of that with the conservative media trying to push the angle there's some cover up. there's some resentment that the story didn't gain traction. >> how is this for classish ii washington media controversy? susan rice delivered the words but some other agency wrote them. >> any story you can have talking points about talking points which is what...
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Dec 2, 2012
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Nov 29, 2012
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this is about returning confidence to the economy. >> greta: a plan to rev up the economy or a plan for spending cuts? >> a plan for reducing the deficit which actually would return certainty to the economy, restore confidence, which would help economic growth. punishing success will not do that. temporary tax increases don't do that as well. >> greta: it's interesting, almost seems like a game of chicken to see who's going to blink first. i listen to what you say, and i understand it, i understand the broad principles, but i don't have the nuts and bolts of it. and i hear the president say he's ready, willing and excited to have bipartisanship, but i don't know what his plan is either. >> again, his budgets, four budgets, yet to propose a solution to save social security or medicare. can't even get democrats or house senators to vote for his plan. we haven't seen his plan. that's a real tragedy. the president, it's incumbent on him. he won, time for him to govern, show the american people his balanced plan. he talked about it all the time. we know where he wants to increase revenue. he
this is about returning confidence to the economy. >> greta: a plan to rev up the economy or a plan for spending cuts? >> a plan for reducing the deficit which actually would return certainty to the economy, restore confidence, which would help economic growth. punishing success will not do that. temporary tax increases don't do that as well. >> greta: it's interesting, almost seems like a game of chicken to see who's going to blink first. i listen to what you say, and i...
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at the same time they don't want the economy to go in the hole. the other thing is they don't want the country to go broke, and what the republicans fail to do they fail to community indicate. they couldn't communicate themselves out of 0 wet babier bag. they don't hold barack obama accountable. you're the president and should lead on spending. this move of his give himself powers no president has had you take that to the country and say, you want him deciding he can spend whatever he wants. >> like removing the debt ceiling. >> exactly. i'm saying that's the issue. >> you're saying now that the president should outline the cuts because nobody is going the table to say this has to come off. >> the president has to come up with a reasonable solution that sells. >> why should he if he can blame the republicans? >> at the end of the day, its the era of this president. no one remembers who the speaker was during the depression. >> right. sounds like august 2011, the republicans took a beating over what happened. guess who really paid the price? the pr
at the same time they don't want the economy to go in the hole. the other thing is they don't want the country to go broke, and what the republicans fail to do they fail to community indicate. they couldn't communicate themselves out of 0 wet babier bag. they don't hold barack obama accountable. you're the president and should lead on spending. this move of his give himself powers no president has had you take that to the country and say, you want him deciding he can spend whatever he wants....
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that kproit duce a larger economy in the long run. when we couple that with the fact both sides feel they have a mandate on taxes is there a benefit to going over the cliff and figuring out from the bottom? >> from the democratic point of view this is really simple. if you look at the economics and you look at the politics of this, there's one simple inescapable fact which is for millionaires and billionaires taxes will go up. the president ran on this. the country is with him on this. look at the economics it the only way to address the problem is to cut taxes on millionaires or billionaires. the other option for our republican friends, if they want to make the decision and tell the country that their message is they want to address this problem by cutting programs for poor people and for sick grand mothers they can do that. >> i don't know of any reasonable democrat who doesn't say there needs be work done on entitlement reform. without a doubt. you hear it from everybody. even the president agrees we have to cut spending. so it's n
that kproit duce a larger economy in the long run. when we couple that with the fact both sides feel they have a mandate on taxes is there a benefit to going over the cliff and figuring out from the bottom? >> from the democratic point of view this is really simple. if you look at the economics and you look at the politics of this, there's one simple inescapable fact which is for millionaires and billionaires taxes will go up. the president ran on this. the country is with him on this....
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Dec 7, 2012
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that is what the economy needed. i think our problem is we didn't get enough. >> eliot: it's fascinating you articulated this way. judge poser was an iconic voice within the chicago school of economic supply. he went through the same transformation saying different circumstances call for different responses. you don't disavow of word of margenal rates. >> that's exactly right. i don't understand this idea of cocky cutter economics where you simply do the same thing regardless of circumstances. you analyze the data, look at the economy, you come up with policies that are appropriate. >> eliot: now, you have been a rather harsh critic of the way the second president bush ran the economy basically saying he disa vowed principles and put in place massive spending without caring about deficits at all. you were there. what happened as you saw this and did you push back? >> oh, yes i wrote a book called imposter, president bush destroyed the economy. which got me fired from my think tank job. it was contrary to conservative
that is what the economy needed. i think our problem is we didn't get enough. >> eliot: it's fascinating you articulated this way. judge poser was an iconic voice within the chicago school of economic supply. he went through the same transformation saying different circumstances call for different responses. you don't disavow of word of margenal rates. >> that's exactly right. i don't understand this idea of cocky cutter economics where you simply do the same thing regardless of...
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economy. i think consumers are where it's at. we just got to get over this fiscal cliff thing. >> jonathan capehart. >> i learned president morsi of egypt is fanatical about "planet of the apes." >> that is really all you need to know. jonathan, thank you so much. rana, steve, michael and everybody, thank you for watching today. if it's "way too early," it's "morning joe." chuck todd is next with "the daily rundown." >>> together again. mitt romney makes his way to the white house. it's not exactly the way he wanted to get there. but can something constructive come out of a private lunch between president obama and the man he defeated just three weeks ago? that's right. that was just three weeks ago. >>> also this morning, a deep dive into america's longest war. look into lessons learned and the sacrifices made by troops at one combat outpost. tell us about what's been accomplished and what's not in more than a decade of fighting. as the country wakes up obsessed with numbers and winners, for the lottery, that, we've got a very i
economy. i think consumers are where it's at. we just got to get over this fiscal cliff thing. >> jonathan capehart. >> i learned president morsi of egypt is fanatical about "planet of the apes." >> that is really all you need to know. jonathan, thank you so much. rana, steve, michael and everybody, thank you for watching today. if it's "way too early," it's "morning joe." chuck todd is next with "the daily rundown." >>>...
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Dec 4, 2012
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in the end, good thing for the economy to spend less and take in more money. slightly more balanced picture. >> bret: last word. >> not this way and not over a cliff. president is overestimating the strength he has on january 1 if we go over a cliff. the reason he will propose the tax cut for middle class. republicans who control the house under the constitution is in charge of the revenue bill will propose on day one, when the president is sworn in, house sworn in, in january. they should meet in emergency session and pass a bill recinding all the increase in taxes and restoring the bush tax cut for everybody. each has a bill and same argument. i don't imagine the president has upper hand in that. >> bret: next up, president george w. bush on immigration reform. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> immigrants come with new skills and new ideas. they fill a critical
in the end, good thing for the economy to spend less and take in more money. slightly more balanced picture. >> bret: last word. >> not this way and not over a cliff. president is overestimating the strength he has on january 1 if we go over a cliff. the reason he will propose the tax cut for middle class. republicans who control the house under the constitution is in charge of the revenue bill will propose on day one, when the president is sworn in, house sworn in, in january. they...
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Dec 3, 2012
12/12
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the country became painfully aware the divisions in washington are may be so large we will harm our economy and harm our problem as they fail to solve problems and work these things out. over the past year, we have been joined by 300,000 saturdays, 100 of the leading ceoas, and small businesses who have said we need fix the debt, that we know. but we wanted to create a different kind of campaign where we come to washington, and while you have so many folks on side saying, "don't touch this. don't touch this. take this off the table." suddenly you're left with nothing on the table to fick the problem. we wanted to create a broad-based bipartisan group to work with members of congress to come up way deal. over the past week, we met with over 50 members of congress. we had very productive meetings with both the white house and the republican leadership basically saying we know we need a plan that will be big enough to fix the problem and biexprs balanced, and we want to help you come to that-- >> schieffer: let me just talk to you, mark zandi. you're our economic forecasters. ent to just go ba
the country became painfully aware the divisions in washington are may be so large we will harm our economy and harm our problem as they fail to solve problems and work these things out. over the past year, we have been joined by 300,000 saturdays, 100 of the leading ceoas, and small businesses who have said we need fix the debt, that we know. but we wanted to create a different kind of campaign where we come to washington, and while you have so many folks on side saying, "don't touch...
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that's not the american dream and that's not the way you make an economy work. they're way and you have whack. >> you raised the issue of germany. many point to it's robust economy and manufacturing sector who would resist here worker representationen oh the board of directors. how has the actual representation impacted labor strife over in europe, for example? >> you know, there is some strife, but i think there is also more of a sense that we're all in this together. as you point out i mentioned germany, but it's, you know, france all the way through the nordic countries. the other thing that's key is in a newly emerging democracy like brazil the workers through collective bargaining is four to five times the level of the united states. you have rising wages millions of brazilian workers coming into middle income status, able to buy the things they produce and a growing economy in brazil. here, the micro system of each employer trying to maximize profits at the expense of employees is leading us to a sled ride to the bottom. that's a large reason our economy i
that's not the american dream and that's not the way you make an economy work. they're way and you have whack. >> you raised the issue of germany. many point to it's robust economy and manufacturing sector who would resist here worker representationen oh the board of directors. how has the actual representation impacted labor strife over in europe, for example? >> you know, there is some strife, but i think there is also more of a sense that we're all in this together. as you point...
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> have you joined the "politicsnation" conversation on facebook yet? we hope you will. president obama and romney's white house lunch was the topic of the day. charmaine says, it's great that they can meet. syed said, this is an awesome display of shake of hands of bipartisan relations. we hope. it didn't take long for the photo shoppers to make their own colorful edits to the picture. we can only imagine what big bird would have said to these two. weapon want to hear what you think about the lunch or anything that's on your mind. head over to "politicsnation" and "like" us to join the conversation that's going on long after the show ends. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus pla
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> have you joined the "politicsnation" conversation on facebook yet? we hope you will. president obama and romney's white house lunch was the topic of the day. charmaine says,...
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the concentration is very specifically on the economy. they believe, the new president enrique nieto believes a strong economy, the creation of new well paid jobs will reduce the violence since younger people will have more opportunities in the country. so that's the focus, where the focus is. >> telemundo's julio viquiero, thank you. >>> this 47% have a different view about a different topic, this year's election. and -- >> controlled facility to bring these crazy bastards that want to kill us all to the united states. >> what drove this south carolina senator to call one group of people a name like that? all the answers coming up. you're watching msnbc. ♪ does that make me crazy ♪ does that make me crazy lega? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. wit
the concentration is very specifically on the economy. they believe, the new president enrique nieto believes a strong economy, the creation of new well paid jobs will reduce the violence since younger people will have more opportunities in the country. so that's the focus, where the focus is. >> telemundo's julio viquiero, thank you. >>> this 47% have a different view about a different topic, this year's election. and -- >> controlled facility to bring these crazy bastards...
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Nov 30, 2012
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people blame barack obama and the state of the economy, health care, what have you. now in 2012 you come back and you beat the guy who beat you and you're back, soon to be, in congress. tell me what lessons you learned in 2012? what was in your mind in a swing state of new hampshire the 2012 election about and what does it carry forward? >> well, first, let me say in 2010 there was a lot of misinformation about health care and about other issues we were voting on. and so people were understandably frightened and now as the health care law is being carried out they recognize that this is a very consumer friendly law. and so that has changed. the issues in this past election the proper role of government, and i was running against the tea partier who wanted to shut down so much of government functions and people recognize that they really do want to have good government. but they do want efficient government and they want to make sure they're watching out for their tax dollars. they do want medicare, social security. they want those programs. they just want us to be fi
people blame barack obama and the state of the economy, health care, what have you. now in 2012 you come back and you beat the guy who beat you and you're back, soon to be, in congress. tell me what lessons you learned in 2012? what was in your mind in a swing state of new hampshire the 2012 election about and what does it carry forward? >> well, first, let me say in 2010 there was a lot of misinformation about health care and about other issues we were voting on. and so people were...
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Dec 5, 2012
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economy and if the u.s. economy slows down, dramatically, that spreads like wildfire across the rest of the world. so it's not a couple hundred thousand jobs in the u.s. we're talking about tens of millions of jobs around the world and in an unstable world, i think we have to look beyond -- beyond ideology and get to a solution. >> i would take the clinton tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. same tax rates. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich
economy and if the u.s. economy slows down, dramatically, that spreads like wildfire across the rest of the world. so it's not a couple hundred thousand jobs in the u.s. we're talking about tens of millions of jobs around the world and in an unstable world, i think we have to look beyond -- beyond ideology and get to a solution. >> i would take the clinton tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to...
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Dec 5, 2012
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> 45 minutes past the hour, checking our top stories now. a typhoon blamed for the deaths of at least 274 people in the philippines. it destroyed close to 3,000 homes. it's moving offshore after leaving washed out roads, downed power lines and other damage. >>> citigroup plans to cut 11,000 jobs world wide including positions at 44 positions here in the united states. the cuts are part of a plan to reduce expenses. we don't know when the layoffs will begin. >>> a
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're...
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Dec 2, 2012
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going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you handed in this proposal. is that true? >> they're in a hard position, bob. they really are in a difficult position. and they're going to have to figure out their politics of what they do next and they're trying to figure that out right now. we're going to work very hard at this and we're going to keep talking to each other. and, again, i think we have a very good chance for coming together on an agreement that not just protects 98% of americans from a tax increase and protects the economy from deeply damaging upfront spending cuts and protects the med from leaving us vulnerable to, you know, periodic threats of defaults by politicians, i think we can do better than that and do something good for the long
going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you handed in this proposal. is that true? >> they're in a hard position, bob. they really are...
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Nov 29, 2012
11/12
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CNNW
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that is how you get the economy to grow. we'll have less economic growth. >> if all the republicans hold firm to that position you just spelled out and significant detail. there is not going to be a deal between now and december 31st and all americans they are all going to see their tax rates going up starting january 31st. how are you going to feel about that? >> the president came forward and said when you have slow growth, less than 2% now, why would raising taxes now be a good idea? it is still a bad idea and i think while i think there is room for a prom promise, i don't think one person gets to decide where the compromise is. he ran on this notion of raising taxes on the wealthiest americans. he is probably going to hold firm on that. we'll see what happens over the next four weeks. as long as we are spending money on robots, don't raise any taxes. thank you very much. >> less us know what you think. follow us on twitter. up next, another twist in the administration's attempt to explain what happened the night four ame
that is how you get the economy to grow. we'll have less economic growth. >> if all the republicans hold firm to that position you just spelled out and significant detail. there is not going to be a deal between now and december 31st and all americans they are all going to see their tax rates going up starting january 31st. how are you going to feel about that? >> the president came forward and said when you have slow growth, less than 2% now, why would raising taxes now be a good...
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Dec 5, 2012
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a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all those things together. i think the president knows that we need to continue to make sure the regulations are strong. part of that is done by his administration and part of it is by congress. we know he will work with senator merkley, senator schumer, people who have been involved on these issues. and i'm optimistic we move forward. >> thank you for joining us tonight. >>> coming up, senator mitch mcconnell rails against reform, but john mccain doesn't agree. michigan senator debbie stabenow on filibuster reform. >>> later senator john kerry delivers an
a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all...
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Dec 3, 2012
12/12
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the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do willingly, make dramatic changes in taxes and spending. if those changes happen automatically, the cbo estimates it would have a positive long-term impact. by comparison, it says current law is kept in place, output and income would be lower down the road. so here is another way to look at it. fast forward to budget projections. keeping tax cuts in place, extending most tax provisions and putting off spending cuts would put revenue in 2020 at 4dz.2 trillion. spending at $5.3 trillion. the national debt is projected to be near $20 trillion by then. $3
the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do...
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Dec 6, 2012
12/12
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we need to do it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two percentage point payroll tax cut has played an important role to sustain the recovery. boosting economic growth by an estimated 0.5% of one percentage point, and creating 400,000 jobs. we should continue the payroll tax cut through 2013, and yesterday i introduce legislation that would keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should alwaprovide tax credits o small businesses. my legislation includes such an incentive for small businesses to grow. i am confident that congress will again be successful in reaching a compromise in the days ahead. i look forward to hearing today from the experts that we have before us today on how to reduce the deficit while protecting middle income families. as we enter the holiday season,
we need to do it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two percentage point payroll tax cut has played an important role to sustain the recovery. boosting economic growth by an estimated 0.5% of one percentage point, and creating 400,000 jobs. we should continue the payroll tax cut through 2013, and yesterday i introduce legislation that would keep the employee payroll tax at 4.2% next year. to keep the economy...
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Nov 30, 2012
11/12
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it's important to go out and shop, important to stimulate the economy. if we're going to pick a store, let's go to costco which is known for treating its workers better than basically any general retailer in the country. i've been covering labor for a few years for "the new york times" and a few years ago, several people were saying, you should take a look at costco. they really do remarkable job in how they treat their workers. so i went out to their headquarters in washington. i spent a day with that gentleman next to biden, mr. sinegal, co-founder of the company. his father was a steelworker. he grew up in pittsburgh. i figured he was sympathetic to unions. he grew up catholic. he said, no, no, that's not why i treat our workers well. we're not the little sisters of the poor. he said it's good business. he said treating workers well mean they work hard for you, there's far less turnover. the typical costco worker who's been there more than a year stays on average 17 years. costco is known for having far less theft than most retailers. and he says when
it's important to go out and shop, important to stimulate the economy. if we're going to pick a store, let's go to costco which is known for treating its workers better than basically any general retailer in the country. i've been covering labor for a few years for "the new york times" and a few years ago, several people were saying, you should take a look at costco. they really do remarkable job in how they treat their workers. so i went out to their headquarters in washington. i...
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Nov 30, 2012
11/12
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we think it's better for the economy, pure and simple. and secondly, listen, the american people expect us to find common ground, to work together and to resolve this. and, frankly, sooner is better than later. >> [inaudible] >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me over the last three weeks, i've been very guarded in what i had to say, because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. but when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a great risk. and then the white house spends three weeks trying to develop a proposal, and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have in this extra spending that's actually greater than the amount they're willing to cut. i mean, it's, it was not a serious proposal. and so right now we're almost
we think it's better for the economy, pure and simple. and secondly, listen, the american people expect us to find common ground, to work together and to resolve this. and, frankly, sooner is better than later. >> [inaudible] >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me over the last three weeks, i've been very guarded in what i had to say, because i don't want to make it harder for me or the president or...
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Dec 3, 2012
12/12
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember...
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Nov 29, 2012
11/12
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CURRENT
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the economy will sink. and it will be so bad and the public outrage will be so intense that republicans will have to come to their senses on this. i hope we don't have tho get there because if we do, a lot of people will be hurt. we already went through that in the fall of 2008. we let the republicans kick us over the cliff then. i don't want to see it happen again. when we examine back, we're going to be joined by steven sloan who is a senior tax reporter for politico with a lot more insights into what all of these different tax rates mean for middle class. and for the wealthiest of americans. >> announcer: this is the "bill press show." that this guy, to the best of his ability, is trying to look out for us. >> wow! i've never seen anything like this. >> when disaster strikes sometimes the only way out is to look within. current tv digs deep into the extraordinary tales of heroism determination and escape. "trapped" experience the drama. back to back to back. >> hold on mates! >> catch the "trapped" premi
the economy will sink. and it will be so bad and the public outrage will be so intense that republicans will have to come to their senses on this. i hope we don't have tho get there because if we do, a lot of people will be hurt. we already went through that in the fall of 2008. we let the republicans kick us over the cliff then. i don't want to see it happen again. when we examine back, we're going to be joined by steven sloan who is a senior tax reporter for politico with a lot more insights...
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Nov 29, 2012
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. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a point we should agree op. >> tom cole also made it clear he is still a boehner loyalist. >> i fully support him. what he's trying to achieve, which is no rate increase, but try and meet the president partway on revenue. i support that. i suspect he'll negotiate a good deal. at the end of the day, he'll come back and ask us to support him. i'll probably help him again. >> okay, so, what did boehner loyalist tom cole do after they said that on "hardball" at 5:00? now, remember, john boehner heard him say that on "hardball" or his staff instantly reported to him exactly what tom cole just said on "hard
. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a...
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Nov 30, 2012
11/12
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CNBC
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all economies want to recover. what happens is we get bad government policy that can slow the rate or even abort it. we need to look at the policy instead of continually hammering asset purchases through the fed. i think there are great risks to the fed policy, and there are very little benefits. perhaps some cost. we're buying $40 billion of bonds per month, increasing the money supply. now they're talking for various technical reasons to buy 45 billion more of u.s. treasury securities. that's 85 billion, that would be another $1 trillion in the american pump priming money supply after they've already done close to $2 trillion already. so we're at $3 trillion rising toward 3.5 trillion. here's my question. this stuff is not getting into middle america. like, to me, what the fed is doing is they're really helping the big new york wall street banks, helping them buy commodities, stocks, currencies, i don't see this pardon the phrase trickling down to main street community banks, small businesses. it's all sitting on
all economies want to recover. what happens is we get bad government policy that can slow the rate or even abort it. we need to look at the policy instead of continually hammering asset purchases through the fed. i think there are great risks to the fed policy, and there are very little benefits. perhaps some cost. we're buying $40 billion of bonds per month, increasing the money supply. now they're talking for various technical reasons to buy 45 billion more of u.s. treasury securities. that's...